If you’re serious about trading, take the time to learn about the benefits and risks. Speak with a licensed broker as well as a financial advisor. You will not be a millionaire overnight. Even if you follow trading signals exactly, live market conditions can change suddenly and cause big problems. One of the ways to mitigate large losses is to use a stop loss. If your stop loss is too small, sometimes you will leave a trade too early (get stopped out) before the profit target is hit. That’s why John Paul teaches these things in the included live training. You have to be realistic with your expectations and bite off only what you can chew.
Take a look at the E-mini Atlas Line trade that occurred this morning. The chart that you see in the video is using real-time data, not Market Replay data. Why was there a long signal at 2429 around 10:05 a.m. EDT? Two closing bars (above or below the line) will produce a signal. Once the second green bar closed, the long signal appeared. You will only get long signals when price closes above the Atlas Line. The profit target and stop loss were automatically placed using the ATM Strategy feature. When Chart Trader is enabled, you can manually move around your profit and stop. Keep in mind, doing so will put you in the back of the line, so to speak.
According to the rules of the Atlas Line strategy, the ATR in this trade allowed for a two-point profit target. Likewise, the stop loss used is the maximum (catastrophic) stop. If your profit target isn’t hit, hopefully, the market will get you out at a smaller profit, break-even, or smaller loss using the other two stop loss techniques: the prove-it and time-stop.
